OMV (OTCMKTS:OMVKY) Upgraded at Zacks Research

OMV (OTCMKTS:OMVKY) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

OMV Stock Up 2.4%

OMVKY stock opened at $19.97 on Tuesday. The company has a market cap of $26.14 billion, a price-to-earnings ratio of 2.11 and a beta of -0.08. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.24 and a current ratio of 1.50. The business’s 50-day moving average is $17.44 and its two-hundred day moving average is $17.33. OMV has a fifty-two week low of $12.52 and a fifty-two week high of $20.04.

About OMV

OMV AG is an Austrian integrated energy company founded in 1956 and headquartered in Vienna. The firm operates across the oil and gas value chain, with core activities in exploration and production, refining and marketing, petrochemicals, gas trading and storage, and a large retail network of service stations and convenience offerings in Central and Eastern Europe. OMV’s business model combines upstream resource development with downstream processing and commercial distribution to supply fuels, lubricants and chemical feedstocks.

In upstream, OMV pursues oil and natural gas exploration and production projects and participates in both onshore and offshore developments.